Loading…
BOJ Governor Haruhiko Kuroda told parliament that a weak yen benefits Japan, as it raises the yen value of overseas profits earned by manufacturers. He noted that many Japanese manufacturers now produce abroad, which limits the export gain from a weaker currency.
The governor's stance signals continued tolerance of a weak yen, which keeps dollar-priced feed imports costly for Japanese buyers. The comments are unlikely to move grain prices directly.
reuters.comLeika KiharaApr 13, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
